After a community ticker vote, DeFiChain has added four new dTokens—decentralized asset tokens—to its ecosystem.
The recently added dTokens are $dINTC (Intel Corporation), $dMCHI (iShares MSCI China ETF), $dDIS (Walt Disney Co) and $dMSTR (MicroStrategy Incorporated), according to a press release seen by Coin Journal.
Members of the DeFiChain community can now mint and trade these dTokens, which received the highest support in the vote.
A significant step forward
Adding these dTokens enables DeFi users to gain price exposure to stocks, bonds, ETFs, commodities and other traditional financial assets.
The blockchain already supports dTokens representing Alibaba, GameStop, Tesla, Apple, Nasdaq 100, Nvidia, Netflix, Meta, Amazon, Microsoft and many other stocks and ETFs.
Prasanna Loganathar, lead engineer at DeFiChain, said:
DeFiChain continually expands the dToken universe to provide users with a serious alternative to traditional brokers—while delivering the flexibility and benefits of decentralization.
dTokens are among the most innovative products on DeFiChain, the only blockchain offering decentralized assets on the Bitcoin network.
Users gain exposure to favorite assets
dTokens provide price exposure but are not securities. They do not confer voting rights, ownership, dividends or other benefits that shareholders receive. Instead, they track and mirror asset prices using oracles to capture market feeds.
At the same time, dTokens allow people around the world to access price exposure to their preferred assets by minting or buying tokens.
This capability could impact millions of users who otherwise cannot invest in U.S. equities due to trading restrictions, geographic limitations or other barriers.
Tokens can be used for liquidity mining
dTokens can be used for liquidity mining on the DeFiChain DEX, held as an investment, or traded on the DEX. To mint dTokens on the blockchain, users must deposit BTC, DFI, dUSD, USDT or USDC as collateral.
Users can also own dTokens without minting them. They may purchase dTokens on the DeFiChain DEX—even in fractional amounts—and earn additional passive income. dTokens can be transferred peer-to-peer across the globe without intermediaries.
Finally, those who wish to hold decentralized stock tokens on DeFiChain will not be subject to ID verification, since DeFiChain is a fully decentralized blockchain with on-chain governance.